Ubisoft 2014 Annual Report Download - page 92

Management Report
2014
87
Michel Guillemot, Executive Vice President
Compensation components
due or granted
Financial year March 31
st
, 2014
Amounts or
accounting
valuation
Presentation
Fixed gross annual compensation
24,000€
Compensation in force since February 1, 2011
Annual variable compensation
(1)
N/A
The principle of an annual variable compensation is not envisaged
Deferred variable compensation
N/A
The principle of a deferred variable compensation is not
envisaged
Multi-annual variable
compensation
N/A
The principle of a multi-annual variable compensation is not
envisaged.
Annual exceptional compensation
(1)
N/A
The principle of an annual exceptional compensation is not
envisaged
Stock options
29,000 €
(accounting
valuation)
Allocation of 10,000 stock options (18
th
resolution of the combined
General Meeting of September 24, 2012)
Subscription price : 11.92€ without discount
100% of the grant is subject to the completion of performance
conditions based on an objective of average EBIT appraised on
the basis of the financial accounts ending March 31, 2015, March
31, 2016, March 31, 2017 and March 31, 2018. The final
percentage of grant will depend on thresholds to be reached set
out according to a percentage of achievement of the cumulated
objectives.
This allocation corresponds to 0.01% of the share capital as of
March 31, 2014
Performance shares
N/A
No allocation of performance shares was carried out during the
financial year 2014
Other long-term compensation
components (redeemable equity
warrants, equity warrants….)
N/A
No allocation of long-term compensation components was carried
out during the financial year 2014
Attendance fees
40,000€
(1)
(amount
paid or to be
paid)
40K€ (overall amount)
Half of the fixed portion is paid in April (for the period from April
1 to September 30) and the other half in October (for the period
from October 1 to March, 31)
The variable portion is paid in March prorated in accordance with
the Board members’ attendance to the meetings held during the
financial year within the following proportions :
 Attendance to the meetings less than 50% : no payment of the
variable portion
 Attendance to the meetings between 50% and 75% : payment
of a half of the variable portion,
 Attendance to the meetings more than 75% : full payment of
the variable portion i.e. the maximum amount that can be
grated for the variable portion.
Benefits in kind
N/A
Michel Guillemot is not entitled to benefits in kind.
Severance payment
N/A
No commitment of this type exist
Non-compete indemnity
N/A
There is no non-compete complete clause applicable.
Supplementary pension scheme
N/A
Michel Guillemot is not eligible for a supplementary pension
scheme
(1)
Transition year : Decision of the Board of Directors’ meeting held on November 12, 2013 to amend the dates of payment
to have them corresponding with the closing dates for the sake of coherence and readability for the shareholders.